Erik Sobkiewicz had a system set up which 'lulled the law firm into believing that what the defendant was doing was legitimate'. His own external businesses would send invoices to the firm. At the same time, the prosecutors say, he 'diverted money from a real estate closing owed to the law firm to a personal account, and he diverted client funds held in the law firm’s escrow account to his personal account'. He was involved in a series of loan fraud schemes with different banks including the Indiana First Savings Bank. He will be sentenced on 21 May. The maximum punishment is 50 years in prison or a US$1.25m fine or both. Source: US Department of Justice